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Sunday, November 23, 2008
Do you want to become involved with real estate short sales? There is so much opportunity to help someone from their financial burdens however before you can assist anyone with their problems; you first have to understand how to perform the process.
What is the definition of a short sale? This is when the homeowner is in default on their loan and the bank does not want the property; so therefore they are willing to take a discounted price on the loan. Even though this sounds simple the truth is that going through the entire process can take several weeks to get the bank to accept the offer.
Before you even consider purchasing real estate short sales; the one thing you have to learn is how to find the great deals.
1. Place An Ad: You can easily place an ad in the Sunday paper in your local hometown; and hopefully someone who is behind on their mortgage payments will contact you to help you get out from your financial burden.
2. Court Records: You can go to your local court house and find out which houses are in the process of being foreclosed on. This is all public information and anyone is entitled to getting access to this type of information.
3. Commissioned Real Estate Agents: You definitely want to have a commissioned real estate agent on your side that can help you look up the information that you need on this loan. These people have access to certain information that you can not have access to.
Regardless of why you are looking for real estate short sales; you should know that there is an opportunity right now that will help you get your feet in on a great deal that may have some built in equity.
Even though all the infomercials promise that you can easily become a millionaire by investing in real estate; the truth is that it requires more than that. When you begin dealing with short sales; you are dealing with someone who is getting ready to lose your home. Visit our site below and get some valuable information about the short sale process and how to get a hold of a house before the actual foreclosure process.
What is the definition of a short sale? This is when the homeowner is in default on their loan and the bank does not want the property; so therefore they are willing to take a discounted price on the loan. Even though this sounds simple the truth is that going through the entire process can take several weeks to get the bank to accept the offer.
Before you even consider purchasing real estate short sales; the one thing you have to learn is how to find the great deals.
1. Place An Ad: You can easily place an ad in the Sunday paper in your local hometown; and hopefully someone who is behind on their mortgage payments will contact you to help you get out from your financial burden.
2. Court Records: You can go to your local court house and find out which houses are in the process of being foreclosed on. This is all public information and anyone is entitled to getting access to this type of information.
3. Commissioned Real Estate Agents: You definitely want to have a commissioned real estate agent on your side that can help you look up the information that you need on this loan. These people have access to certain information that you can not have access to.
Regardless of why you are looking for real estate short sales; you should know that there is an opportunity right now that will help you get your feet in on a great deal that may have some built in equity.
Even though all the infomercials promise that you can easily become a millionaire by investing in real estate; the truth is that it requires more than that. When you begin dealing with short sales; you are dealing with someone who is getting ready to lose your home. Visit our site below and get some valuable information about the short sale process and how to get a hold of a house before the actual foreclosure process.
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Real Estate Short Sales Can Help You Get A Great Deal! Discover How To Get The Bank To Accept A Mortgage Short Sale!
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